Core Viewpoint - E.l.f. Beauty (ELF) has a strong track record of exceeding earnings estimates and is well-positioned for future earnings surprises, particularly in its upcoming quarterly report [1][4]. Earnings Performance - In the last reported quarter, E.l.f. Beauty achieved earnings of $0.74 per share, surpassing the Zacks Consensus Estimate of $0.59 per share, resulting in a surprise of 25.42% [2]. - In the previous quarter, the company was expected to earn $0.54 per share but delivered $0.82 per share, leading to a surprise of 51.85% [2]. Earnings Estimates and Predictions - Earnings estimates for E.l.f. Beauty have been trending upward, influenced by its history of earnings surprises [4]. - The company currently has an Earnings ESP of +1.32%, indicating that analysts have recently become more optimistic about its earnings prospects [7]. - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a high likelihood of another earnings beat in the upcoming report scheduled for May 22, 2024 [7]. Statistical Insights - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [5]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [6].

Wall Street expects a year-over-year decline in earnings on higher revenues when e.l.f. Beauty (ELF) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on May 22, 2024, might help the stock move higher if these key numbers are better than expect ...

These companies are raking in profits at astonishing clips.The stock market has taken investors for a wild ride these last few years. When you're investing in stocks for many years, though, even multiple tough market cycles shouldn't deter you from your core investing thesis about quality companies.Even as the S&P 500 has had a pretty fantastic 2024 so far, becoming a part owner of great businesses is what you should focus on as a long-term investor. Here are two top stocks to consider buying now that you c ...

e.l.f. Beauty (ELF) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this cosmetics company have returned -3.8%, compared to the Zacks S&P 500 composite's -0.2% change. During this period, the Zacks Cosmetics industry, which e.l.f. Beauty falls in, has lost 7.3%. The key question now is: What could be the stock's future direction?Although media reports or ...

Investors with an interest in Cosmetics stocks have likely encountered both Helen of Troy (HELE) and e.l.f. Beauty (ELF) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highlight stocks wit ...

e.l.f. Beauty (ELF) closed the most recent trading day at $176.98, moving -0.01% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 0.02% for the day. Meanwhile, the Dow lost 0.11%, and the Nasdaq, a tech-heavy index, added 0.1%.The the stock of cosmetics company has fallen by 10.53% in the past month, lagging the Consumer Staples sector's loss of 1.14% and the S&P 500's loss of 3.01%.The investment community will be paying close attention to the earnings perf ...

e.l.f. Beauty (ELF) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this cosmetics company have returned -23.8%, compared to the Zacks S&P 500 composite's -4% change. During this period, the Zacks Cosmetics industry, which e.l.f. Beauty falls in, has lost 5.4%. The key question now is: What could be the stock's future direction?While media releases or rum ...

e.l.f. Beauty (ELF) closed the most recent trading day at $167.51, moving +0.75% from the previous trading session. The stock's performance was ahead of the S&P 500's daily loss of 0.22%. Elsewhere, the Dow gained 0.06%, while the tech-heavy Nasdaq lost 0.52%.The cosmetics company's stock has dropped by 17.09% in the past month, falling short of the Consumer Staples sector's loss of 3.79% and the S&P 500's loss of 1.66%.The investment community will be closely monitoring the performance of e.l.f. Beauty in ...

e.l.f. Beauty (ELF) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about e.l.f. Beauty (ELF) .e.l.f. Beauty currently has an average brokerage reco ...